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Target Reaches $67 Million Settlement with Visa over 2013 Data Breach

Published by: Kelly Curtis on 18th Aug 2015 | View all blogs by Kelly Curtis

Target Reaches $67 Million Settlement with Visa over 2013 Data Breach

Target Corp. has reportedly agreed to pay as much as $67 million to banks that issue Visa credit cards in a settlement over a 2013 incident in which hackers stole personal information for millions of card holders. The agreement only covers Visa-related firms, and Target is working on a similar agreement with Mastercard-issuing firms. The size of the two agreements should approach the $100 million settlement paid out by Heartland Payment Systems over a similar breach in 2008. In all, the breach at Target exposed some 40 million credit and debit cardholders during the 2013 holiday shopping season.

 

 

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